Bravo Venture Group Inc.

Bravo Venture Group Inc.

September 18, 2008 09:00 ET

Bravo Venture Group Inc.: Early Results Confirm Extensions of Higher-Grade Intervals at Homestake Ridge

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 18, 2008) - Bravo Venture Group Inc. (TSX VENTURE:BVG)(FRANKFURT:B6I) reported today encouraging preliminary 2008 assays from its 100% owned Homestake Ridge project, located 32km southeast of Stewart within the "Eskay Creek" region of northwestern British Columbia.

The company has received gold fire-assays from drill holes HR08-79, -80, -82 and -90, all of which returned impressive thicknesses and grades from both step-out and in-fill holes targeting structures and horizons modeled from Bravo's previous drilling at the Main Homestake zone. The three dimensional modeling of the new data confirms a sub-horizontal and step-like distribution of mineralization within the deposit and accurately predicts the higher grade intervals (+3g/t Au) that were encountered in step-out drilling in holes HR08-80, HR08-82 and HR08-90. Early confirmation of the working model is significant as it allows Bravo to more aggressively target higher-grade extensions of the deposit outside the area of the known resource.

Significant results from the first four drill holes for which assays have been received include:

Collar Data
Est. Tr
AZ Deg DIP Depth From To Interval Thick Au Ag Cu
Hole No. (UTM N) Deg (m) m m m m g/t g/t ppm
HR08-79 053.5 -56.5 167.3 14.75 167.34 152.57 79.75 0.67 4.15 127
inc. 45.40 77.85 32.45 16.96 1.42 3.47 107
HR08-80 094.5 -63.0 261.22 24.50 162.65 138.15 82.00 1.00 5.16 946
inc. 26.00 82.70 56.70 33.66 1.47 9.74 1606

and 129.70 148.05 18.35 10.89 2.15 3.15 1937
inc. 146.40 148.05 1.65 0.98 12.42 12.51 9582
HR08-82 255.5 -45.5 291.77 157.00 182.95 25.95 20.35 1.26 0.69 32
inc. 181.00 182.95 1.95 1.53 11.07 2.00 30

and 248.25 259.68 11.43 8.96 2.33 1.19 42
inc. 252.00 259.68 7.68 6.02 3.18 1.60 61
HR08-90 240.5 -48.0 182.27 88.05 139.60 51.55 46.06 1.58 8.28 940
inc. 123.80 136.80 13.00 11.62 3.58 10.14 3179
Analyzed by FA-ICP by Acme Analytical Labs, Vancouver BC - check assays
are pending

As part of its 2008 property-wide exploration program, Bravo has completed 24 core holes for over 5,500 metres of an anticipated 7,500 metre program. Three drill rigs are now active on the property, with two focusing on the Main Homestake zone and the third drill testing other mineralized areas at the property. Three drill holes have been completed at the Homestake Silver target, with encouraging alteration encountered and drilling has now started on the Vanguard Gold target. Initial drilling during 2007 at both of these targets returned encouraging gold and silver mineralization in altered favorable stratigraphy, similar to that observed in outer edges of the Main Homestake zone. Holes are also planned this season for the Vanguard Copper target, where attractive surface alteration and geochemistry have not been drill tested.

Commenting on the 2008 program to date, President Joe Kizis said, "Holes 79 and 80 are significant as they delineate ounces at very shallow depths, essentially beginning at surface. These near-surface ounces will have an important affect on the economics of a potential open pit, as they will be low-cost ounces early in the mine life. Topographic constraints required these holes to be drilled quite oblique to the mineralized horizon; however, nearly 80 meters of true thickness of mineralization at this shallow depth is very positive."

Kizis also stated, "Strong alteration observed in our new holes at the Homestake Silver target could be very significant to the project because VMS deposits usually occur in clusters, and this could be a new discovery beneath a relatively subtle surface expression. Our land position includes several other attractive mineral showings that have received little or no drill testing to date."

To view Figure 1: 2008 Target location at the Homestake Ridge Project, please click on the following link:

About Homestake Ridge

The property consists of Mineral Title claims and Crown Grant claims in which a 100% interest was earned by Bravo from Teck Cominco and a private Optionor, respectively. There is a 2% NSR royalty in favour of Teck Cominco and on other portions of the located mineral claims there is a 2% NSR royalty in favour of the original Optionor. Bravo has the right to purchase 1% of the Teck Cominco royalty for $1 million and 1% of the original Optionor's royalty for $1 million. The Crown Granted mineral claims also are subject to a 2% NSR royalty.

In March 2007 Bravo announced an Inferred Resource estimate at the Main Homestake zone of 903,231 ounces of gold and 5,745,746 ounces of silver contained within 11.9 million tonnes with an average grade of 2.36 g/t Au and 15.0 g/t Ag using a cut-off grade of 0.5 g/t gold (see NR-04-07) (1). The deposit remains open down dip and along strike to the southeast and northwest. A long section showing the location of completed drill holes on the Homestake Main zone has been posted on the company's website

About Bravo Venture Group Inc.

Bravo Venture Group Inc. is focused on exploring precious and base metal-rich projects within North America, currently with properties in Nevada, Alaska, and British Columbia. The company has extensive holdings strategically located within the Battle Mountain/Eureka "Cortez" gold trend in Nevada. The Woewodski Island project in southeast Alaska hosts both precious and base metal-rich massive sulphides and gold-rich orogenic quartz veins. The Homestake Ridge project is a gold-rich epithermal/VMS-related vein system within Eskay Creek/Silbak-Premier stratigraphy.

Rob Macdonald (P.Geo.) is the Qualified Person responsible for reviewing the technical results reported in this release.

On behalf of the Board of Directors

Joseph A. Kizis Jr., Director, President, Bravo Venture Group Inc.

(1) An 'Inferred Mineral Resource' is that part of a Mineral Resource for which quantity and grade or quality can be estimated on the basis of geological evidence and limited sampling and reasonably assumed, but not verified, geological and grade continuity. The estimate is based on limited information and sampling gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings and drill holes. Due to the uncertainty which may attach to Inferred Mineral Resources, it cannot be assumed that all or any part of an Inferred Mineral Resource will be upgraded to an Indicated or Measured Mineral Resource as a result of continued exploration. Confidence in the estimate is insufficient to allow the meaningful application of technical and economic parameters or to enable an evaluation of economic viability worthy of public disclosure. Inferred Mineral Resources must be excluded from estimates forming the basis of feasibility or other economic studies (43- 101CP, CIM, 2001).

We seek safe harbor.

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